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Writer's pictureStéphan
Jul 10, 20242 min read

Fed slightly dovish / More Dems fear Biden can't win / Buffet's solution on deficit / France's left jostle to lead new govt



  • Easing too soon could 'harm inflation progress', says Powell, overall dovish text given levels of rates currently, in any case a lot of cuts priced in up to 2025 already..not quite the -8- cuts Citi was talking about yesterday but close

  • More Democrats in US Congress say they fear Biden can't win

  • Saudis Warned G-7 against Russia seizures with Debt Sale threat

  • Goldman’s Head of Global Equity Research, Jim Covello, is pretty negative Gen AI

  • European automakers are facing downside risk to pricing, a reversal from the pandemic period where automakers gained abnormal pricing power.  In both the Europe and US, auto affordability is at decade lows, and automakers have already started making concessions, leading Morgan Stanley to downgrade the sector from In-Line to Cautious

  • Eli Lilly's Mounjaro is more effective at weight loss than Novo Nordisk's Ozempic and Wegovy, study finds

  • Buffet : "I could end the deficit in five minutes,” he told CNBC’s Becky Quick in a 2011 interview. “You just pass a law that says that any time there's a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election.”

  • Dyson to cut nearly one third of UK workforce, backed Brexit and left for Singapore..

 


France’s leftwing parties jostle to lead new government

Nouveau Front Populaire bloc won the most parliamentary seats in snap election but fell short of majority









Goldman Sachs Research Newsletter GS - GEN AI: TOO MUCH SPEND, TOO LITTLE BENEFIT?










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